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11 June 2020 | 1 reply
Single-family home sales fell 20.2 percent year-over-year, with 6,671 units sold, marking the second straight month of declines fueled by the COVID-19 pandemic;The Days on Market (DOM) figure for single-family homes grew from 54 to 58 days;Total property sales dropped 20.7 percent, with 7,917 units sold;Total dollar volume dove 25.9 percent to $2.23 billion;The single-family home average price fell 7.4 percent to $298,199, the first decline since January 2018;The single-family home median price was statistically flat at $249,000;Single-family homes months of inventory was at a 3.5-months supply, down from 4.1 months last May and below the national inventory level of 4.1 months;Townhome/condominium sales dropped 36.0 percent, with the average price down 2.3 percent to $206,146 and the median price up 2.9 percent to $175,000;Single-family home rentals jumped 11.9 percent with the average rent down 2.8 percent to $1,822;Volume of townhome/condominium leases fell 4.6 percent with the average rent down 4.6 percent to $1,586.Source: HAR
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15 June 2020 | 5 replies
They have the perspective of the investor in mind and not just see the owner as a source of income and how many ways they can create revenue from them.
22 April 2020 | 1 reply
I plan to move out of this city in the next 2-3 years, so I don't want to be stuck with a property that I will lose money on by selling in a short period of time and would like a source of passive income, so I am hoping for it to be profitable as a rental property in the future.
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26 April 2020 | 7 replies
I googled the source and it was an online scam.
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26 April 2020 | 7 replies
I agree and one source I use is called GetAbstract.
27 May 2020 | 12 replies
I purchased my first property because I wanted to create another source of income other than my W2.
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26 April 2020 | 5 replies
Rentometer is alright if you're looking at the outer ends of the spectrum, but they aren't terribly accurate in judging the median.A solid option is to call up property management companies operating in an area and pick their brains.When we're determining median rent for apartments, we'll often call up similar properties in the surrounding area to schedule tours and determine baseline.If you know somebody with access to Costar, that can be a good source as well.
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28 April 2020 | 3 replies
I own a 20-unit complex which is managed by Appfolio, so it distributes the vacancy to various sources.
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28 April 2020 | 17 replies
I'm in a unique situation (like most) and have began seriously considering real estate investing as revenue source for my family.